Fully Leased Duplex
For Sale
$250,000
15820 MCMULLEN HIGHWAY SW, Cresaptown, MD 21502
Well-maintained duplex with two fully leased 2-bedroom, 1-bath units and renovated interiors.
Property Size1,666 SF
Price / SF$150.06
Days on Market21
Property Features for 15820 MCMULLEN HIGHWAY SW
General Information
Standard status
Active
Size
1,666 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
Charis Realty Group
(301) 707-8888
Listed By:
Stephen MacGray · License #652984
(301) 707-8888
Source:
Cummingsrealtors
Added: Jul 11
Changed: Jul 26
Last Checked: Jul 30 at 6:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Charis Realty Group
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two separate 2-bedroom, 1-bath units. Both units are fully leased and currently generate gross rent. The property was renovated approximately 13 years ago, and each unit offers a functional floor plan with comfortable living space. A rear porch is included for each unit, overlooking a wooded setting.
The property is located on Mcmullen Highway SW in Cresaptown, Maryland, within a small community setting. Public remarks indicate the area supports consistent rental demand due to proximity to a major employer.
As an income-producing asset, the duplex provides two independently rented units under one ownership, with the benefit of existing occupancy at the time of sale.
The property is located on Mcmullen Highway SW in Cresaptown, Maryland, within a small community setting. Public remarks indicate the area supports consistent rental demand due to proximity to a major employer.
As an income-producing asset, the duplex provides two independently rented units under one ownership, with the benefit of existing occupancy at the time of sale.
Key Highlights
- Duplex built in 1930 with two 2‑bedroom, 1‑bath units
- Both units are fully leased, generating $1,100 per month in gross rent each
- Renovated approximately 13 years ago, with updated interiors
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.0k | $10.20 |
| − Vacancy | −$884 | −$0.53 |
| EGI | $16.1k | $9.67 |
| − OpEx | −$4.8k | −$2.90 |
| NOI | $11.3k | $6.77 |
1,666 SF · lease $10.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$161.1K
$141.0K – $188.0K
NOI $11,277 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$149.2K
$130.6K – $174.1K
NOI $10,446 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$617.8K
$540.6K – $720.8K
NOI $43,249 @ 7.0% cap · market cap 17.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Explore this area
Business Placement
Demographics for 21502, MD
41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two fully leased 2-bedroom, 1-bath units and renovated interiors.
Where is this duplex located?
The property is located at 15820 MCMULLEN HIGHWAY SW Cresaptown, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex built in 1930 with two 2‑bedroom, 1‑bath units; Both units are fully leased, generating $1,100 per month in gross rent each; Renovated approximately 13 years ago, with updated interiors
